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Generalized Dreze-Muller Equilibrium: Some Rationing Scheme in a Distribution Economy

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  • Lahiri Somdeb

Abstract

Here we view rationing as an instrument available in the hands of a social planner to effect a more equitable distribution of goods. We introduce a separate currency (like a coupon) alongside money, and both money as well as this auxiliary currency are used in the purchase of commodities. It is precisely in this framework that we study existence, and fairness of alternative rationing schemes.

Suggested Citation

  • Lahiri Somdeb, 1993. "Generalized Dreze-Muller Equilibrium: Some Rationing Scheme in a Distribution Economy," IIMA Working Papers WP1993-10-01_01221, Indian Institute of Management Ahmedabad, Research and Publication Department.
    • Handle: RePEc:iim:iimawp:wp01221
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